In an interview with WSJ’s Kevin Delaney, Groupon and LinkedIn investor Marc Andreessen insists that the recent popularity of tech companies does not constitute a bubble. He also stressed that both Apple and Google are undervalued and that “the market doesn’t like tech.”
6/3/2011 12:48:59 PM
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
The best way to keep money in perspective is to have some. —Louis Rukeyser
"It's the end of the world as we know it and I feel fine" say the French as consumer confidence in May rose to the highest since Nov '10 as they welcome and get excited about new Pres Hollande. Also, the French 10 yr bond yield touched the lowest on record this morning. June consumer confidence in Germany held at 5.7, just .2 pts off the highest since Mar '11. To the euro bond debate which is now taking on greater rhetoric with those with high bond yields wanting them and those with low ones saying no way, ECB member...
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June 4th, 2011 at 10:49 am
[...] [LINKS] Posted on June 4, 2011 by Chris F. MasseI blogged negatively on GroupOn some time ago. This morning, I noticed a bunch of damning reports on the Chicago-based startup. About Chris F. Masse [...]
June 4th, 2011 at 4:21 pm
The market doesn’t like tech, but he has to defend that there’s not really a bubble there either. Like there might be bubbles forming on unpopular assets.
Cognitive dissonance. Or just marketing for airheads.
June 4th, 2011 at 4:34 pm
Would an investor of Groupon and LinkedIn in his right mind mention anything negative about the tech sector?
He’s trying to bump up the prices and sell his shares to the next sucker.
He got in the game early and would still be very likely to profit from his “investment” even if there’s a bubble and the bubble pop as long as both Groupon and LinkedIn survive in the next tech crash.
June 4th, 2011 at 5:07 pm
That’s one of the best pieces of talking your book since NAR said house prices have bottomed.
Unless Groupon is the same as LivingSocial is the same as the same UPromise (which has an infrastructure and much data on willing participants), it’s “Competiive Advantage” has a shelf life of maybe two years–by which time it still (at the current rate) won’t be profitable.
I tried to buy into Boston Chicken’s IPO because KFC showed no indication of wanting to compete with them. Unfortunately for them, KFC read the prospectus (which basically translated to “We’re going to expand to compete with KFC”) and introduced “rotisserie chicken” on a wide basis soon thereafter. One Chapter 11 filing later…
I didn’t try to buy VA Linux, because RedHat and SUSE were already out there, and if you want “exposure to a growing technology,” you shouldn’t want to gain that in an underformed secondary market.
Groupon looks A Lot More like VA Linux than it does Boston Chicken–first to stock market is not “first to market,” and “built to flip” is not a Secondary Market Investment Opportunity.
Would love to be proved wrong, but I tend to look for Distressed securities more than IPOs these days. Which, I suspect, means I will consider owning Groupon well before retirement.
June 5th, 2011 at 10:25 am
Come on.
“I still believe Self Regulation is the way to go”
“My hope is that corporations will self regulate”
This is a joke.
My hope is that the Sunni’s and Shia will stop killing each other. I will accept self regulation when this happens.